Toscano Condominium Association of Sarasota, Inc.

Key facts from Toscano Condominium Association of Sarasota, Inc.'s documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Toscano Condominium Association of Sarasota, Inc.

Developer / declarant

205 Golden Gate Point, LLC

Governing law

Chapter 718, Florida Statutes (Article 1.1, Section 3.12)

Assessments & dues

Board adopts budget and levies assessments (Section 14.1)

Special assessments

Assessment levied other than required by annual budget; for unusual, non-recurring or unbudgeted Common Expenses (Section 3.19, 14.1)

Collections & liens

Association has a lien on each condominium parcel securing payment of past due Assessments, interest, late fees, attorneys’ fees and costs. Lien perfected upon recording Claim of Lien. Association may foreclose lien or obtain money judgment (Section 14.6, 14.9)

Reserves & fees

Reserves are included as Common Expenses. Developer funds converter reserves rather than providing statutory warranties. (Section 3.9(6), 16.3)

Pets

Yes, but limited. (Section 12.2)

Leasing & rentals

Yes, subject to approval. (Section 12.5, Article XIII)

Parking & vehicles

Prohibited vehicles include trucks, vans (other than passenger vans), boats, trailers, motorcycles, bicycles or recreational equipment. Prohibited vehicles may park temporarily for service to Association or Unit owners. (Section 12.4)

Architectural approval

Board approval required for structural modifications, alterations, or replacements in Unit, exterior doors/windows, utilities, or any alteration affecting exterior appearance. (Section 10.5, 12.9)

Maintenance

Association (Common Elements maintenance includes building exterior; roof is part of common elements). (Section 10.2 (all Common Elements))

Insurance

Premiums and deductibles paid by Association as Common Expense. Deductibles established consistent with Condominium Act. (Section 11.4)

Use restrictions

Use of Unit limited to single-family residential purposes; incidental business records and calls permitted but not activity disrupting residential nature. (Section 12.1.A)

Voting & meetings

Each Unit entitled to one (1) vote (Section 4.2)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.